Reuters: Technology News: First Solar names COO

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

First Solar names COO Jun 29th 2012, 13:34 Fri Jun 29, 2012 9:34am EDT (Reuters) - First Solar Inc named a former private equity venture partner to the newly created position of chief operating officer, at a time when solar financing has dried up. Georges Antoun, who most recently worked at private equity firm Technology Crossover Ventures, joins a company that in the last few months has appointed a new CEO, cut 30 percent of its workforce and posted a surprise first-quarter loss. Solar panel maker First Solar's shares have fallen 88 percent in the last one year, a period that saw other solar companies such as U.S.-based Solyndra and Germany's Q-Cells SE going bust due to falling government subsidies and product oversupply. South Korean group Hanwha may buy insolvent Q-Cells, once the world's largest maker of solar cells, a spokesman for Hanwha Corp said on Friday. Shares of First Solar rose 4 percent to $15.33 in early trading on Friday on the Nasdaq.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions